When I started my solo journey many years ago, I was just thinking about creating something that I could work on on my own.
And like many others, I didn’t think about the expression “undertake” , I just thought about doing it and that was it.
But the term exists, and serves to define the act of carrying out.
Therefore, when we hear the term entrepreneur, we tend to associate it with a person who has or is starting their own ventures or, in other words, starting out on their own.
This is indeed the case, as the formal definition of Entrepreneurship is the process of starting a business or organization for profit, or for social needs.
In this case, we use the phrase for profit or for social needs to delineate and separate commercial entrepreneurship from social and charitable entrepreneurship .
So, after defining entrepreneurship, list of latvia cell phone numbers now it’s time to define who an entrepreneur is and what they do.
But, before continuing our article….
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Well, back to the topic!
Who is the entrepreneur?
Today it is easier to understand what is evergreen content? discover the 6 advantages of long-lasting content and explain that an entrepreneur is the individual who develops any business model.
The person who acquires the physical and human capital necessary to start the venture, operate it and be responsible for the success or failure of the business.
Note the emphasis on the phrase responsible for success or failure, as the entrepreneur is different from the professional manager.
This is in the sense that the former invests its own resources or raises capital from external sources and thus takes the blame for failure as well as reaping the rewards in case of success.
As for the latter, or the professional manager who does the work, therefore, a job that is assigned to him for a monetary consideration.
In other words, the entrepreneur is a conduit china risk taker and an innovator as well as a creator of new ventures while the professional manager is simply the executor.
Think of an entrepreneur as a company that rents event coverings , whose ability to manage human resources to assemble the structures and at the same time delight guests with the party arrangements.
Attributes of Entrepreneurs
Thinking about the skills and capabilities that an entrepreneur needs to have, first of all, he or she must be an innovator who has a paradigm-shifting idea, or a potentially new concept, that can be successful in the market.
But don’t understand this concept in a complicated way, after all, the candy seller at the traffic lights could very well be considered an entrepreneur.
Just like the entrepreneur who believes he has an innovative product, or innovative idea, to the point of needing investment to leverage and reach new markets.
Note that investors generally tend to invest in ideas and concepts that they believe can generate adequate returns for their capital and investments and therefore the entrepreneur needs to have a truly innovative idea for a new venture.
Leadership Qualities
A good entrepreneur needs to have, in principle, good organizational skills in addition to knowing how to manage the people involved.
Especially when you need to build the organization or business from scratch.
To do so, he must have a good relationship with his employees and feel comfortable with the other stakeholders to ensure the success of the enterprise.
Furthermore, the entrepreneur needs to be a natural leader and inspiration for his employees, as well as being a visionary and a person with a sense of mission.
Have some energy, huh!
This is because it is very important that the entrepreneur motivates and drives the basic ideal of the enterprise in focus.
In practice, this means that leadership , values, team building skills and management skills are the main skills and attributes an entrepreneur needs to have.